Fintan,
Portable in-line heat exchangers can have an effect on water pressure.
As the water is heated it expands and the pressure within the core increases up to the pressure of the internal pressure relief valve. For the recoil 3HP, if you get an Ashbys Steamate you will need the 500psi model.
With this you will never notice a reduction in pump pressure, but the pressure to the wand can, for short periods, rise to 500psi regardless of the flow control setting on the machine. This would generally occur after a period of zero flow. If this is a problem it is easily overcome by having a bucket in the room and spraying into it for a few seconds to relieve excess pressure and/or temperature. with continuous use this problem does not arise.
There is no need to pump back into the tank to maintain tank temperature as the Steamate can cope very well with a cold-water intake, even at the high flow-rates that the Recoil pump can provide.
I did ,briefly, consider designing an adjustable feed-back system to give stable temperatures and full pressure stabilisation, but since the heat exchanger is frequently 50 or 75ft from the machine, this would involve a long return hose.
One not-so obvious advantage of a heat echanger is that if working at a site that has no hot water available, you can have almost instant hot water for mixing pre-sprays
John.